Ferrovial (NASDAQ:FER) Hits New 1-Year Low - Here's What Happened

Key Points

• Ferrovial shares hit a new 52-week low, falling to $49.22 intraday and last trading at $48.75, below the previous close of $50.19.
• Analyst sentiment has weakened, with several firms downgrading the stock; Ferrovial has an overall “Hold” consensus and an average price target of $70.47.
• Institutional ownership stands at 22.28%, with several investment firms increasing their positions, including Tidal Investments, which boosted its stake by more than 900%.

Ferrovial SE (NASDAQ:FER - Get Free Report) hit a new 52-week low during trading on Thursday. The company traded as low as $49.22 and last traded at $48.75, with a volume of 1,076,712 shares changing hands. The stock had previously closed at $50.19.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Weiss Ratings downgraded Ferrovial from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, October 2nd. Kepler Capital Markets downgraded Ferrovial from a "strong-buy" rating to a "hold" rating in a research note on Thursday, September 17th. UBS Group lowered Ferrovial from a "buy" rating to a "neutral" rating in a report on Wednesday, August 26th. Morgan Stanley reaffirmed an "overweight" rating on shares of Ferrovial in a report on Tuesday, September 22nd. Finally, Zacks Research cut Ferrovial from a "hold" rating to a "strong sell" rating in a research report on Friday, August 14th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Ferrovial currently has an average rating of "Hold" and a consensus price target of $70.47.

Ferrovial Price Performance

The business's fifty day simple moving average is $57.64 and its two-hundred day simple moving average is $63.92. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.20 and a quick ratio of 1.09.

Institutional Investors Weigh In On Ferrovial

Institutional investors have recently modified their holdings of the business. Salvus Wealth Management LLC acquired a new stake in shares of Ferrovial in the third quarter valued at about $292,000. Farther Finance Advisors LLC increased its stake in shares of Ferrovial by 32.7% during the third quarter. Farther Finance Advisors LLC now owns 1,103 shares of the company's stock worth $60,000 after purchasing an additional 272 shares in the last quarter. Elevation Wealth Partners LLC increased its stake in shares of Ferrovial by 172.3% during the third quarter. Elevation Wealth Partners LLC now owns 689 shares of the company's stock worth $37,000 after purchasing an additional 436 shares in the last quarter. Tidal Investments LLC raised its position in shares of Ferrovial by 914.1% during the 2nd quarter. Tidal Investments LLC now owns 46,150 shares of the company's stock worth $3,163,000 after purchasing an additional 41,599 shares during the last quarter. Finally, Baird Financial Group Inc. acquired a new position in shares of Ferrovial during the 2nd quarter worth about $1,267,000. 22.28% of the stock is currently owned by institutional investors and hedge funds.

About Ferrovial

Ferrovial SE is a global infrastructure company that develops, finances, operates and maintains transportation and other public infrastructure assets. Its activities include toll roads, managed lanes, airports, energy infrastructure and infrastructure services. The company participates in projects across the United States, Canada, Spain, the United Kingdom, Poland and other international markets.

Ferrovial's highways business focuses on the development and operation of toll roads and express lanes under long-term concession agreements.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.